INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consumers are willing to pay more for a product if
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they perceive the brand as better.
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it is a complementary product.
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there are many comparable products.
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their friends have had a negative experience with it.
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Explanation:
Detailed explanation-1: -Customer perceived value is defined as what your customers believe that they stand to gain or benefit from purchasing from your brand compared to the price they pay. CPV is all about what shoppers think your offerings are worth.
Detailed explanation-2: -Brand equity refers to the value that a specific brand adds to a product or service. It is the positive perception or emotional attachment that consumers have towards a brand, which can influence their purchasing decisions and overall loyalty to the brand.
Detailed explanation-3: -Value is the relationship between the consumer’s perceived benefits and the perceived costs of receiving these benefits.
There is 1 question to complete.